BBC News, 11.38am EU begins Irish Republic bail-out talks

Anglo Celt

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Whilst Brian Cowen is repeating his mantra that there are no talks, we rely on non national media

European finance ministers are meeting in Brussels, with the issue of a possible bail-out of the Irish Republic still top of the agenda.

EU finance commissioner Ollie Rehn said on Tuesday plans were being made for a potential rescue programme, should the Irish government ask for help.

As he arrived for the meeting, Mr Rehn said the EU was engaged in "effective" consultation with the Irish government.

British Chancellor George Osborne said the UK was "ready to support Ireland".

'Strong interconnection'

When asked if the UK should assist the Irish Republic, Mr Rehn said: "That is under discussion and it is natural because the United Kingdom and UK banks have a very significant exposure in Ireland.

"There is a very strong interconnection in the banking sector and the financial system between the two countries."

Mr Osborne said: "We're going to do what is in Britain's national interest.

"Ireland is our closest neighbour and it's in Britain's national interest that the Irish economy is successful and we have a stable banking system," he said, ahead of the meeting of the Economic and Financial Affairs Council (Ecofin).

BBC News - EU begins Irish Republic bail-out talks
 


DCon

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But Cowen said this morning that they were only discussing currency issues, Euro issues that are affecting Ireland
 

dalywise

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But Cowen said this morning that they were only discussing currency issues, Euro issues that are affecting Ireland
Oh, that's ok then if Brian said it. Whew, for a minute there I was worried. Stupid BBC.
 

GDPR

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Whilst Brian Cowen is repeating his mantra that there are no talks, we rely on non national media

European finance ministers are meeting in Brussels, with the issue of a possible bail-out of the Irish Republic still top of the agenda.

EU finance commissioner Ollie Rehn said on Tuesday plans were being made for a potential rescue programme, should the Irish government ask for help.

As he arrived for the meeting, Mr Rehn said the EU was engaged in "effective" consultation with the Irish government.

British Chancellor George Osborne said the UK was "ready to support Ireland".

'Strong interconnection'

When asked if the UK should assist the Irish Republic, Mr Rehn said: "That is under discussion and it is natural because the United Kingdom and UK banks have a very significant exposure in Ireland.

"There is a very strong interconnection in the banking sector and the financial system between the two countries."

Mr Osborne said: "We're going to do what is in Britain's national interest.

"Ireland is our closest neighbour and it's in Britain's national interest that the Irish economy is successful and we have a stable banking system," he said, ahead of the meeting of the Economic and Financial Affairs Council (Ecofin).

BBC News - EU begins Irish Republic bail-out talks
The sub head;

"European finance ministers are meeting in Brussels, with the issue of a possible bail-out of the Irish Republic still top of the agenda."

Can you explain to me how we could be involved in discussions on the terms of a "bailout" when the finance ministers of the EU have yet to discuss "the issue of a possible bail-out".
 

Cato

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The sub head;

"European finance ministers are meeting in Brussels, with the issue of a possible bail-out of the Irish Republic still top of the agenda."

Can you explain to me how we could be involved in discussions on the terms of a "bailout" when the finance ministers of the EU have yet to discuss "the issue of a possible bail-out".
It's funny. Your programming runs so deep that even after the bail-out occurs you will still keep denying it.
 

GDPR

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It's funny. Your programming runs so deep that even after the bail-out occurs you will still keep denying it.
No answer then, fair enough, but that being the case would it not be better for you just to shut up for the moment?
 

paulp

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BBC are very witty with the photo on their main page
 

Cato

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No answer then, fair enough, but that being the case would it not be better for you just to shut up for the moment?
:lol: Sorry, but your hard-man act just cannot be pulled off by someone so slavishly pathetic.
 

DJCB33

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The sub head;

"European finance ministers are meeting in Brussels, with the issue of a possible bail-out of the Irish Republic still top of the agenda."

Can you explain to me how we could be involved in discussions on the terms of a "bailout" when the finance ministers of the EU have yet to discuss "the issue of a possible bail-out".

Talks about talks are still about the central issue which a group is going to talk about.

Even if the principle subject is not present those who are going to determine the eventual outcome of talks when the subject is present are discussing that subject now. This equates to talks on a bailout
 

paulp

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The sub head;

"European finance ministers are meeting in Brussels, with the issue of a possible bail-out of the Irish Republic still top of the agenda."

Can you explain to me how we could be involved in discussions on the terms of a "bailout" when the finance ministers of the EU have yet to discuss "the issue of a possible bail-out".
I suppose it could start with something like

"If we do go for a bailout, what would it look like"

"Well, we'll give loads of money that you'll probably need eventually - but it would be good for us if you took it now. Now when we give you this money - we'll draw up your budgets for you and you'll implement them"

"Well, that will be ok - as long as we can pretend we're drawing up the budgets ourselves"
 

He3

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The sub head;

"European finance ministers are meeting in Brussels, with the issue of a possible bail-out of the Irish Republic still top of the agenda."

Can you explain to me how we could be involved in discussions on the terms of a "bailout" when the finance ministers of the EU have yet to discuss "the issue of a possible bail-out".
Could anyone explain that to you tonic? I doubt it.
 

GDPR

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I suppose it could start with something like

"If we do go for a bailout, what would it look like"

"Well, we'll give loads of money that you'll probably need eventually - but it would be good for us if you took it now. Now when we give you this money - we'll draw up your budgets for you and you'll implement them"

"Well, that will be ok - as long as we can pretend we're drawing up the budgets ourselves"
Or it could go something like this,

The EU "The bond rates for Portugal, Spain and others are very high at the moment and we think if you take a "bailout" that would help reduce those rates"

Ireland "What happened to send those rates so high this time?"

The EU "Well, something was said"

Ireland "Was it indeed and who said it"

The EU "Doesn't matter"

Ireland "Well, ask "doesn't matter" to fix it then."

The EU "OK then, but if you did take one for the rest of us, is there something we can we do to help?"

Ireland "Now you're talking and here's a list"
 

HarshBuzz

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Or it could go something like this,

The EU "The bond rates for Portugal, Spain and others are very high at the moment and we think if you take a "bailout" that would help reduce those rates"

Ireland "What happened to send those rates so high this time?"

The EU "your banks are totally and utterly insolvent. Nobody in the entire world will lend to them and as a result they now have the ability take down the entire ECB"

Ireland "ah yeah, we were hoping you wouldn't notice that"
more like the above actually
 

paulp

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Or it could go something like this,

The EU "The bond rates for Portugal, Spain and others are very high at the moment and we think if you take a "bailout" that would help reduce those rates"

Ireland "What happened to send those rates so high this time?"

The EU "Well, something was said"

Ireland "Was it indeed and who said it"

The EU "Doesn't matter"

Ireland "Well, ask "doesn't matter" to fix it then."

The EU "OK then, but if you did take one for the rest of us, is there something we can we do to help?"

Ireland "Now you're talking and here's a list"
lets hope so,

so they would be talking about the terms of the bailout then?
 

Gear

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The sub head;

"European finance ministers are meeting in Brussels, with the issue of a possible bail-out of the Irish Republic still top of the agenda."



Can you explain to me how we could be involved in discussions on the terms of a "bailout" when the finance ministers of the EU have yet to discuss "the issue of a possible bail-out".
Tonic,
Can you explain how it comes about that a person can, in every single instance, be of the same mind as a political party? No matter how preposterous the statements made on some issues (such as this one) you seem to concur if the statements emanate from FF.

Given that the odds of your viewpoint being the same as theirs on every single issue are millions to one it would appear that, in the event of a conflict between the party line and your own genuine opinion, you choose the former every time.
 

DJCB33

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Or it could go something like this,

The EU "The bond rates for Portugal, Spain and others are very high at the moment and we think if you take a "bailout" that would help reduce those rates"

Ireland "What happened to send those rates so high this time?"

The EU "Well, something was said"

Ireland "Was it indeed and who said it"

The EU "Doesn't matter" Or: It was you and your stupid government you moron, how do you not realise by now that the your political party FF caused this. Now for the reminder of the meeting shut up and look at the floor you massive idiot. SPA
 

GDPR

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lets hope so,

so they would be talking about the terms of the bailout then?
We get to that point, if ever, only after they've managed to convince us that we should do the decent thing for them.
 

GDPR

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Tonic,
Can you explain how it comes about that a person can, in every single instance, be of the same mind as a political party? No matter how preposterous the statements made on some issues (such as this one) you seem to concur if the statements emanate from FF.

Given that the odds of your viewpoint being the same as theirs on every single issue are millions to one it would appear that, in the event of a conflict between the party line and your own genuine opinion, you choose the former every time.
Ah ha! You miss out on one very important point.
Generally speaking, not 100%, but generally speaking, I only post to correct inaccuracies, it follows naturally, that if the criticism is on the money, I don't post.
 


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